The plasticizers market was valued at $15,179 million in 2015, and is
projected to reach $18,538 million by 2022, growing at a CAGR of 2.9%
from 2016 to 2022, according to a new report. The phthalates type held
two-thirds of the global market in 2015.

Plasticizers are additives applied in polymers & other materials to
enhance their softness, flexibility, and processability. They are
applicable in flooring & wall coverings, films & sheets, wires & cables,
coated fabrics, consumer goods, and several others. The global
plasticizers market is segmented based on type, application, and
geography. Raw materials for plasticizers generally comprise
esterification of different types of alcohols & acids as well as other
chemicals as per the required application.

Emerging applications of plasticizers in various end-user industries and
high demand for non-phthalate plasticizers in different regions are
major factors that are expected to drive the market growth. However,
strict government regulations over some of the phthalates and toxicity
of PVC polymer may hamper this growth. Increase in demand for bio-based
plasticizers for products, such as personal care cosmetics, toys, food
contact materials, health care commodities, and others, are expected to
create growth opportunities for various players in the market.